EFE Securities •

1 month ago •

Market Commentary

MARKET COMMENT-21.01.2026

ZSE declines further... 
The ZSE market declined further in midweek session as the primary All Share Index lost 0.09% to 364.04pts while, the Blue-Chip Index eased 0.17% to 376.86pts. In contrast, the 
Agriculture Index firmed up 1.46% to 185.61pts as the Mid Cap Index edged up 0.45% to 323.16pts. Leading the laggards of the day was telecoms giant Econet that slipped 1.09% to $9.8979, followed by Ariston that dropped 0.42% to $0.0299. Milk processor Dairibord trimmed 0.03% to close at $1.6205 while, SeedCo Limited tumbled 0.01% to $4.6000. Trading in the positive territory was TN Cybertech that shot up 6.67% to $0.1600 while, ZSE charged 5.43% to $0.7908. BAT added 4.81% to settle at $96.4211 as TSL went up 1.77% to $2.8500. Spirit and Wines manufacturer AFDIS completed the top five risers of the day on a 1.15% uplift to end the day pegged at $9.2505.   
 
Activity aggregates were depressed in the session as volume traded dropped 99.40% to 2.29m shares while, turnover shed 75.52% to $17.22m. Econet was the top traded stock in terms of volume and value after contributing 67.25% to the former and 88.50% to the latter. Other notable value drivers of the day were Delta and BAT that contributed 7.86% and 2.13%.  The Datvest ETF was the only active ETF amongst its kind as it stepped up 0.18% to settle at $0.0551. The Tigere REIT declined 0.42% to end the day pegged at $1.8420 as 118,051 units exchanged hands in the session.